secwatch.observer — SEC 8-K summary
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Issuer:     Park Hotels & Resorts Inc. (PK)
CIK:        0001617406
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0000950170-22-014275
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park Hotels Q2 net income $150M, RevPAR +119.7% YoY; Q3 RevPAR guidance $171-$174
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- Net income attributable to stockholders $150M (diluted EPS $0.66); Adjusted FFO $139M ($0.61 per share).
- Pro-forma RevPAR $173.03 (+119.7% YoY, -10.2% vs Q2 2019); occupancy 71.0%.
- Repurchased 8.5M shares in Q2 at avg $18.33 ($157M); YTD 12M shares for $218M.
- Q3 2022 RevPAR guidance $171-$174 (down 7-9% vs 2019); Adjusted EBITDA $145-$165M.
- Exited covenant relief period in July 2022 (one quarter early); liquidity ~$1.7B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617406/000095017022014275/0000950170-22-014275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617406/000095017022014275/pk-20220803.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-014275

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer